Bankruptcy Questionnaire

When companies, financial institutions like banks or even individuals fail to pay their debts, they or their creditors may file a bankruptcy. They might seek protection from the government or their creditors nay request a restructuring of assets that will clear the debt in part or whole. Bankruptcy questionnaire is a series of questions which are designed to investigate such parties whether they are worthy of protection or liable to be dissolved. If the bankrupt party has enough assets that can be liquidated, then the court may decide to do so, thereby clearing the debts.